Voltas is the coolest one!
By
Research Desk
about 9 years ago
Voltas is the top gainer on the BSE ever since the day opened for trading. The stock has shown some tremendous volume of almost 6 times, going on to hit a new high at Rs.315.60. The stock is currently firmly at the same level, up over 9%.
Exceeding all analyst expectations, the company ended Q4Fy15 with a very good 35% (YoY) jump in net profit at Rs.312 crore on a 2% jump in revenue at Rs.1484 crore. The market is more enthused with the healthy rise in margins, up from 6.4% to 9.2%. The Air cooling or AC business is what gave it this performance, showing a 19% jump in topline with a 100 bps rise in EBIT margins.
The company ended FY15 with a 56% rise in net profit at Rs.384 crore and net sales for the fiscal was actually down 2%.